Friday, 3 December 2010

Parramatta. Future of firm undecided

The future of Shaw Stockbroking, which has an office in the Parramatta CBD as well as Sydney and Melbourne, is up in the air with the departure of a key director and big shareholder, Harold Shapiro, according to The Australian Financial Review. Mr Shapiro, who was its long–term MD until last year, said he would sell his 27 per cent stake in the firm, valued at more than $4 million. The Fin Review said the firm has been involved in talks with several firms over the past year. Shaw Stockbroking (formerly BOS Stockbroking) was founded in 1987, and is one of Australia's largest independently owned full service stockbroking firms with private client and institutional advisors, supported by staff and a research department